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AR SB864
Bill
Status
4/22/2015
Primary Sponsor
Bill Sample
Click for details
AI Summary
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Adds definition of "redevelopment area" to the Arkansas Tourism Development Act, defined as areas that are blighted, deteriorated, or experiencing significant loss of commerce, industry, tourism, or employment
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Expands the tourism attraction project sales tax credit to apply to both high-unemployment counties and redevelopment areas
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Authorizes the Director of the Department of Finance and Administration to issue a credit memorandum equal to 25% of approved costs to approved companies in these designated areas
Legislative Description
To Amend The Arkansas Tourism Development Act; And To Provide Tax Incentives For Development Projects That Are In Areas That Are In Need Of Redevelopment.
Last Action
Sine Die adjournment
4/22/2015